February 19, 2008
Max Specialty Insurance Company, an excess and surplus lines company headquartered in Richmond, Va., announced it is now authorized to write business in Louisiana. With the addition of Louisiana, Max Specialty is now an eligible surplus lines insurer in a …
February 19, 2008
Washington State Attorney General Rob McKenna announced that Washington will receive nearly $1.7 million as part of a $41 million settlement between 29 states and Caremark Rx, LLC, one of the nation’s largest pharmacy benefits management companies. As part of …
February 15, 2008
Authorities say stronger law enforcement has helped reduce traffic fatalities on Delaware roads. The state Office of Highway Safety says there were 118 fatalities last year, down 20 percent from 147 in 2006. State police attributed the decline in part …
February 14, 2008
A N.Y. junkyard owner has been charged with masterminding a scheme to sell high-mileage vehicles to illegal aliens and then insure the vehicles through his own garage policy. Officials said 61-year-old William Hrazanek of Fleischmanns, N.Y. provided insurance as well …
February 13, 2008
Frank Berry has been hired as director of Agency Sales and Marketing at Narragansett Bay Insurance Co. (NBIC), a member company of Blackstone Financial Group, Inc. Berry worked for 29 years at Liberty Mutual as a sales agent and as …
February 12, 2008
A.M. Best Co. has assigned an issuer credit rating (ICR) of “bbb-” to Darwin Professional Underwriters, Inc. (DPUI) of Wilmington, Del. and has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and ICRs of “a-” of the Darwin Group, …
February 11, 2008
Delaware’s Sussex County Recorder of Deeds John Brady is officially in the race for state insurance commissioner. Brady is running as a Republican and launched his campaign last week with appearances in all three counties. He predicts health insurance will …
February 11, 2008
Phoenix-based MiniCo Inc. reported it signed an agreement with Boulder, Colo.-based International Catastrophe Insurance Managers LLC (ICAT), to begin offering property and wind coverage for coastal locations in Florida, Georgia, Alabama, North Carolina, South Carolina, Louisiana, Delaware, New Hampshire and …
February 10, 2008
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Health Club Nuts & Bolts: Sports & Fitness Insurance is a national underwriting facility specializing …
February 10, 2008
States aim to prevent residential fires by requiring ‘fire safe’ cigarettes Movies — think Lauren Bacall and Humphrey Bogart in “The Big Sleep” — often make cigarette smoking look glamorous. Of course, in reality, the practice is anything but. In …